Free-market US Dollar (USD/IRR) Extends Gains, Reaching 30-Day High

Market Summary

The Free-market US Dollar (USD/IRR) concluded the trading session on August 23, 2026, at 1,999,000 IRR. The currency pair opened at 1,981,850 IRR, reaching an intraday high of 2,007,200 IRR and a low of 1,973,800 IRR. The closing price represents a notable daily increase from the previous session's close of 1,927,000 IRR.

Market Analysis

The Free-market US Dollar demonstrated strong upward momentum, marking its fifth consecutive day of gains. The latest session saw the USD/IRR open higher than its previous close and maintain an upward trajectory to close near its daily high. The intraday high of 2,007,200 IRR also established a new 30-day high for the instrument.

The current market structure is identified as bullish, with the price trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing upward trend. The USD/IRR is currently trading within 0.41% of its 52-week high, indicating significant strength. The 30-day volatility stands at approximately 1.21%. Key levels to observe include the resistance at 2,007,200 IRR and support at 1,846,800 IRR.

Technical Highlights

Several technical indicators underscore the strong bullish sentiment. The 14-period Relative Strength Index (RSI) is at 73.35, indicating that momentum is firmly positive and suggesting the asset is in overbought territory.

The Moving Average Convergence Divergence (MACD) shows its line above the signal line, with a positive and expanding histogram, which typically confirms strong upward momentum.

The price action relative to the Bollinger Bands indicates an extended move, with the USD/IRR trading above its upper Bollinger Band, which is currently at 1,964,385 IRR.

The Commodity Channel Index (CCI) for 20 periods is at 241.01, well above the +100 threshold, further signaling strong upward momentum and potentially overbought conditions.

Additionally, both the Supertrend and Parabolic SAR indicators are positioned below the current price, with their directions confirming a bullish trend.

Conclusion

The Free-market US Dollar (USD/IRR) exhibited robust performance, extending its consecutive gains and achieving a 30-day closing high. Technical indicators largely support a strong bullish trend, with momentum indicators suggesting potentially overbought conditions. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

Track the latest Free-market US Dollar (USD/IRR) session on Iran Market Data.